China’s Trade Balance: Surplus shrinks in October amid unexpected imports surge

China's Trade Balance for October, in Chinese Yuan terms, came in at CNY405.47 billion versus the previous reading of CNY558.74 billion.

Exports dropped 3.1% YoY in October vs. -0.6% seen in September. The country’s imports jumped 6.4% YoY in the reported month vs. -0.8% prior.

In US Dollar terms, China’s trade surplus unexpectedly narrowed in October.

Trade Balance came in at +56.53B versus +81.95B expected and +77.71B previous.

Exports (YoY): -6.4% vs. -3.1% exp. and -6.2% previous.

Imports (YoY): 3.0% vs. -5.4% exp. and -6.2% last.